Which one of the following items is a reconciling item on the bank side of a bank reconciliation?
a. Canceled checks
b. Outstanding checks
c. NSF checks
d. Service charge
b
You might also like to view...
Of the following, which is a potential disadvantage of using a simulated test market?
A) It is not as accurate as full scale test markets. B) The distribution network may or may not properly represent the firm's actual distribution system. C) It is often very time consuming and expensive. D) They allow competitors to acquire knowledge of the test. E) all of the above
Aaron, Inc. estimates direct labor costs and manufacturing overhead costs for the coming year to be $750,000 and $550,000, respectively. Aaron allocates overhead costs based on machine hours. The estimated total labor hours and machine hours for the coming year are 18,000 hours and 7000 hours, respectively. What is the predetermined overhead allocation rate? (Round your answer to the nearest cent.)
A) $107.14 per machine hour B) $30.56 per labor hour C) $1.36 per labor hour D) $78.57 per machine hour
A responsibility accounting system should include all revenue and cost of a division
Indicate whether the statement is true or false
For each of the following products or services, indicate the most important customer quality attributes and the most important customer quality tradeoffs. (a) Personal computer(b) Legal representation in divorce court(c) New home purchase(d) Meals in a fast food restaurant(e) Airline travel(f) Prom dress(g) Cruise ship vacation(h) Auto repair
What will be an ideal response?